ASX market movers: EML Payments (EML), Cettire (CTT)
The 10 biggest movers on the ASX today.
Largest gains on the ASX, Friday 21 May 2021
Meanwhile, ecommerce store Kogan was less lucky, with its share price plunging 14% on Friday. You can read more about that here.
EML Payments (EML) was the top mover on the ASX today. Shares in EML Payments rose 16.5% to $3.39.
"EML Payments saw its share price plunge more than 38% Wednesday after the Central Bank of Ireland (CBI) flagged regulatory issues with its recently acquired business Prepaid Financial Services (PFS)," said Finder's investments editor Kylie Purcell.
"While bad news like this can trigger a fast sell-off, you'll often see investors buying in again quickly soon after once they've assessed the situation and if they believe the stock is oversold."
"It can be a risky bargain however. If the news is bad enough, the stock might continue falling."
EML Payments is an Australia-based company in the software and services sector that offers payment solutions.
Learn more about investing in EML Payments in Finder's full guide.
Another strong performer was Cettire Limited (CTT), the retailing company. It rose 9.7% to close at $2.04.
"The Cettire share price has been trending upwards thanks to a new partnership deal with buy now pay later provider Klarna," said Purcell.
"By allowing shoppers to use Klarna, it opens the door to growth not only in Australia but more importantly to customers in the United States. This is a key expansion play by the company and good news for investors."
Learn more about investing in Cettire in Finder's full guide.
Here's the full list of today's 10 biggest movers:
|EML Payments (EML)||$3.39||16.5%|
|Syrah Resources (SYR)||$1.01||8.6%|
|American Pacific Borates (ABR)||$1.50||7.9%|
|Southern Cross Media Group (SXL)||$1.95||6.6%|
|Tyro Payments (TYR)||$3.75||6.2%|
|PPK Group (PPK)||$12.37||6.2%|
|The A2 Milk Company (A2M)||$5.52||5.7%|
Share your review to win $1,500!Review your current share trading platform for a chance to win $1,500 in Myer gift cards.
Market indicators Friday 21 May 2021
Overall, the S&P/ASX 200 closed up on Friday, gaining 2 points (0.03%) to 7,021.8.
Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated at the end of the day, but these prices may be subject to minor variation depending on data availability.
Need a better share trading platform? Check out Finder's full review of the best online brokers in Australia right now.